AMD 凭借与 Meta 的合作以及 AI 需求，具备强劲的长期增长潜力，但受供应限制影响，短期表现可能落后。
逐段跳播
我认为第一只可能大幅受益、而且已经从中大幅受益的股票，Rachel，是 Advanced Micro Devices（AMD）。在“Muse”发布后的过去几周里，我们看到“AMD”股价出现了相当积极的反应。
My first stock that I think could benefit greatly, and has already benefited greatly from this, Rachel , is Advanced Micro Devices (AMD). In the past few weeks since the launch of " Muse", we have seen a fairly positive reaction to the price of "AMD" stock.
主要原因在于，现在如果有成千上万、数百万、甚至可能数十亿的人在使用 AI 智能体，那么一个 AI 智能体要解锁并使用所有这些不同的工具，需要多少算力？因此，AMD 目前对我来说非常令人兴奋。
The main reason for this is that now, if you have thousands, millions, and possibly billions of people using AI agents , how much processing power would an AI agent need to unlock and use all these different tools?
Therefore, AMD is currently very exciting for me .
给那些不熟悉的人说一下，Advanced Micro Devices 是一家设计 AI 芯片、设计 CPU、设计 GPU 的公司，它在半导体领域与 Intel 和 Nvidia 等公司直接竞争。
Just for those who aren't familiar, Advanced Micro Devices is a company that designs AI chips, designs CPUs , and designs GPUs, and it directly competes with companies like Intel and Nvidia in the semiconductor field.
在上个季度，AMD 公布营收为 115 亿美元，同比增长 50%。其数据中心营收翻了一倍多，达到 67 亿美元，同比增长 107%。这一切约占其总营收的 58%。
Now, in the last quarter, AMD announced revenues of $11.5 billion, a 50 % year-over-year increase. Their data center revenues more than doubled to $6.7 billion, a 107% year-on-year increase.
All of this constitutes approximately 58% of total revenue.
AMD 与 Meta 有着牢固的合作关系。在过去几个月里，AMD 与 Meta 宣布 Meta 将继续从 AMD 采购 CPU。
AMD and Meta have strong partnerships. In the past few months, AMD and Meta announced that Meta would continue to purchase CPUs from AMD.
我们不断听到有关中央处理器短缺的消息，原因正是我们现在听到的这些以 AI 为核心的工具。AMD 与 Meta 在 AI 加速器及其集成系统 MI250 Helios 机架方面也有合作。
We continue to hear news about a shortage of central processing units due to these AI-focused tools that we are hearing about now. AMD and Meta also have a partnership regarding AI accelerators and their integrated system, the MI250 Helios rack.
所以，如果 Muse 为 Meta 创造了巨大的需求，如果 Meta 现在需要购买更多 AI 基础设施，那么对他们来说，转向一个已经合作了很长时间的伙伴会更好。
So, if Muse is creating huge demand for Meta, and if Meta now needs to buy more AI infrastructure, it's better for them to turn to a partner they've worked with for a very long time.
所以，对我来说，Rachel，这里的一大机会就是 AMD。正如我提到的，由于这一消息，我们已经看到股价出现了一些波动。因此，市场可能过于热情，但仍有大量增长机会。
So, for me, Rachel, one of the big opportunities here is AMD. As I mentioned, we have already seen some movement in the stock price due to this news. So, the market may be over-enthusiastic , but there are plenty of growth opportunities.
我们将继续看到中央处理器（CPU）的销售。今年下半年，AMD 将开始销售 MI250 处理器。
We will continue to see sales of central processing units (CPUs). In the second half of this year, AMD will begin selling MI250 processors.
但对我来说，Rachel，最大的危险是预期。市场在说：“看，AMD 将卖出更多 CPU。”但重要的是要记住，AMD 找不到什么秘密的处理器库存。构建供应链需要一些时间。
But the biggest danger for me, Rachel, is expectations. The market is saying, "Look, AMD is going to sell more CPUs." But it is important to remember that AMD cannot find a secret stockpile of processors. Building the supply chain will take some time.
所以，如果投资者现在关注 AMD，他们应该意识到，这一消息以及 AI 代理不会让 AMD 在本季度大幅跑赢市场。我认为这是一个长期故事，它表明 AMD 与 Meta 之间的这一合作可能会变得更大，而那是一个拥有巨额预算的大客户。
So, if investors are looking at AMD now, they should realize that this news and the AI proxies will not allow AMD to massively outperform the market this quarter. I think it's a long-term story that suggests this partnership between AMD and Meta could grow even bigger, and that's a big customer with a huge budget.
显然，我们在这个频道里经常谈论 AMD，但在我看来，Shopify 是在这个智能体驱动的经济阶段中一个新而独特的补充。
Obviously, we talk about AMD a lot in this channel, but in my opinion, Shopify is a new and distinctive addition here in this smart agent-driven economic phase.
这个频道对 $AMD 的历次判断
The Motley Fool 在这只股票上共 3 条判断，这里只列相邻的几条。